Business Opportunities in the Multi-Billion-Dollar Cannabis Sector

The cannabis sector is a multibillion-dollar market globally. When many people think about cannabis businesses, they think about companies that deal with the plant directly. However, there are hundreds of ancillary services that cater to this burgeoning market. Many new cannabis businesses are coming into the market each year. If you have ever thought about becoming a cannabis business owner check out the list of potential opportunities that may be perfect for you below.

Chances are you have skills and expertise that can cater to the cannabis sector and you may not even realize it. First, let’s look at a few of the most popular businesses to start within the cannabis space that deals with the plant firsthand. Then we will take a look at different biz opportunities in the cannabis space that are significantly vital to other cannabis businesses but that do not deal with the plant directly.

Cannabis Dispensary

Cannabis dispensaries are the backbone to cannabis markets globally. It is here where patients and recreational consumers can get the goods! While running a cannabis dispensary can be quite lucrative the startup costs and requirements to remain in compliance are quite elevated.

Processing Cannabis Products

Processing cannabis products is another biz opp in the cannabis space that many entrepreneurs are embracing. Processing hemp fibers alone is a market expected to be worth billions in the coming years. Again though, the costs associated with the tools needed for the trade as well as other aspects of this type of business can become quite costly to start. However, it is a sector that is seeing substantial growth.

Cannabis Delivery Service

You can have almost everything delivered to your door these days so why not cannabis? Cannabis delivery services are not permitted in all cannabis markets; however, the regulations surrounding these types of service providers are evolving and expected to change in coming years.

Cannabis Extraction Services

Cannabis extracts is a sector of the cannabis space that is growing substantially. From extracts such as shatter, budder, and wax that individuals including patients and recreational consumers alike enjoy dabbing, extraction services are also needed for making vape oils as well as extracting CBD for the thousands of CBD companies that offer products that contain this miraculous cannabinoid. While the cost of obtaining the equipment needed for extraction can be somewhat significant the services provided by extraction companies are one that will only continue to grow in demand.

Ancillary Services to the Cannabis Market

Wanting to avoid the high cost associated with cannabis businesses that work with the plant directly? Do you come from a professional background and want to cater to the cannabis sector? If so check out these 5 cannabis business opportunities that may be a perfect fit for you.

Cannabis Consultant

Do you have lots of connections in the cannabis sector? Do you have a vast knowledge of the ins and outs of running a cannabis business? Do you love helping businesses make the connections they need and their business to grow? If you answered yes to these three questions a cannabis consultant business may be the perfect fit for you. Cannabis consultants are high in demand throughout the cannabis space globally, and the need for these individuals will only grow as legalization occurs in more places around the world.

Cannabis Marketing Professional

Just like every other business and industry out there marketing and advertising is key to the success of cannabis businesses. If you have a passion for cannabis and experience in marketing becoming a cannabis marketing professional service provider could be your entryway into the cannabis space.

Cannabis Accountant

The cannabis sector is widely a cash-only market. This is especially true in the United States. However, like all other industries accountants are a vital need for businesses in the cannabis space. From multi-billion-dollar acquisitions and mergers to small business taxes for companies in the cannabis sector, accountants are crucial for many cannabis businesses. If you are an accountant that’s looking to change things up a bit and have a passion for the cannabis community and industry perhaps becoming a cannabis accountant may be the perfect cannabis business opportunity for you.

Cannabis Event Planner

Cannabis events are becoming a hit trend with cannabis entrepreneurs, patients, activists, and consumers alike. Years ago, there were only a select few cannabis events around the world, today you can find one happening almost every week it seems. From small cannabis weddings to leading industry expos, there is a substantial need for event planners in the cannabis market. If you have a passion for organizing events that people can attend and remember for a lifetime, there is a place for you as a cannabis event planner in this burgeoning market.

Are you a cannabis business owner or entrepreneur? If so, let us know how you got into the cannabis business in the comments below!

Ashley Priest is a mother, a wife, a writer and a medical cannabis patient. She has a passion for sharing education surrounding cannabis with the world to help remove the negative stigmas that still surround cannabis in many places today.